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Thailand J

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Everything posted by Thailand J

  1. I can get free wires from Fidelity, Vanguard, Schwab International and Interactive Brokers. Fidelity wires are free to all, others may require high balances. Both Fidelity and Vanguard require a Medallion signature to link a Thai bank. Interactive Brokers can be a little tricky to wire to an account not in my name. Schwab is the most user friendly. I can link any bank to Schwab online, no paperwork required. A phone call is required for the first transfer, tell them this is a " standing order" and the subsequent transfers into the same account can be done online. Bypass Bangkok Bank NY, use Chase as correspondent bank for $2 flat rate. Other then the US governemnt agencies, Vanguard is the only place I have seen ACH in IAT format, but i prefer international wire and bypass Bangkok Bank NY.
  2. Harvard . The world's best business school. At one point had 230 employees to manage the endowment, I assume many are Harvard graduates. Can't tell how conservative they are without looking at thier list of holdings. Their 2017 asset allocations do not look conservative with 3% cash, 8% bond.
  3. "Even the best and brightest analysts fail to beat the stock market consistently. Think you have a hard time beating the U.S. stock market? Consider Harvard University’s endowment fund, which at more than $40 billion is the largest academic endowment in the world. It is run by some of the smartest investment managers around. Yet for the fourth fiscal year in a row — and the ninth of the last 10 — Harvard’s endowment lagged the S&P 500 SPX, +1.09% Here are the specifics: For the fiscal year ending June 30, Harvard reported last week, its endowment gained 6.5%, versus 8.2% for the S&P 500 on a dividend-adjusted basis. The only year of the last 10 in which the endowment came out ahead was fiscal 2015, in which it beat the S&P 500 by half of a percentage point. The net result is that the university endowment’s return lags the S&P 500 over the trailing five- and 10-year periods, as seen in the chart below. By the way, Harvard’s mediocre performance isn’t an outlier. Other large university endowments also trailed the S&P 500 for the year ending June 30: Yale University, for example, reported a 5.7% increase; Dartmouth College, 7.5%, Stanford, 6.5%." From Market Watch : https://www.marketwatch.com/story/heres-what-you-likely-have-in-common-with-harvards-endowment-managers-2019-10-08?mod=mw_latestnews
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